New Jersey

Investors Bancorp (ISBC) in Short Hills, N.J., has received approval from the Federal Reserve Board to buy Roma Financial (ROMA) in Robbinsville, N.J.

The president and chief executive of Sun Bancorp (SNBC) in Vineland, N.J., is stepping down at the behest of the board.

George Pelose will step down during the first quarte, the $673 million-asset company said Wednesday.

Investors Bancorp (ISBC) in Short Hills, N.J., and Roma Financial (ROMA) in Robbinsville, N.J., have extended the deadline for their merger while they wait for regulatory approval.

Saddle River Valley Bank, which was bought last year by Center Bancorp, allegedly failed to adequately monitor transactions with currency exchange houses in Mexico and the Dominican Republic.

Valley National Bancorp in Wayne, N.J., is offering to sell up to $125 million of subordinated notes to repay its trust-preferred debt.

Two River Community Bank (TRCB) in Tinton Falls, N.J., has hired Anthony Mero as its chief operating officer.

Marlin Business Services (MRLN) in Mount Laurel, N.J., has hired a chief lending officer for its bank.

Clifton Savings Bancorp said Paul Aguggia, 50, will take over as the $1 billion-asset company's chairman, CEO and president on Jan. 1.

The Federal Reserve Board has given Valley National Bancorp in Wayne, N.J., approval to redeem $127.5 million of trust-preferred securities.

Unity disclosed in a regulatory filing Wednesday that it paid the Treasury Department $2.7 million to repurchase a warrant to buy about 765,000 shares of common stock.

Sun Bancorp (SNBC) in Vineland, N.J., has hired a veteran banking executive to become its chief credit officer.

Delanco Bancorp (DLNO) in Delanco, N.J., will convert from a mutual thrift to a fully public company.

Roma Financial (ROMA) in Robbinsville, N.J., swung to a loss in the second quarter thanks to a check-kiting scheme.

Sussex Bancorp (SSBX) in Franklin, N.J., has completed a $7.2 million capital raise.

Republic First Bancorp (FRBK) will allow customers to access funds at Allpoint Network ATMs without paying service fees.

Center Bancorp (CNBC) in Union, N.J., has named a new chairman for its bank. The $1.6 billion-asset company also announced Wednesday that it had made its interim chief financial officer permanent.

Hudson City Bancorp (HCBK) in Paramus, N.J., reported a second-quarter profit of $48.7 million, down from $72.3 million in the second quarter of 2012. Earnings per share were 10 cents, in line with the average estimate of analysts polled by Bloomberg.

Unity Bancorp (UNTY) in Clinton, N.J., has received approval to buy back its remaining shares issued to the Treasury Department through the Troubled Asset Relief Program.

Sussex Bancorp in Franklin Lakes, N.J., plans to sell up to $7.2 million in common stock, offering 1.2 million shares to current shareholders at a price of $6 per share.